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WILLIAM PACA, Esq; Governor.
as aforesaid, to redeem the said two emissions, shall be set apart and
added to the
bonds first mentioned; and to determine what bonds of the emission of May,
seventeen hundred and eighty-one, and the bonds taken in virtue of this
act for
property sold and not bonded, for the redemption of the emissions of June,
seventeen
hundred and eighty, and May seventeen hundred and eighty-one, shall
be thus set apart, the whole of the said bonds lodged or to be lodged before
the
said first day of June, shall be listed and numbered, and put into a box,
and so
many of them drawn out by the treasurer of the western shore as shall amount
to the sum necessary to make up the deficiency above mentioned. |
1784.
CHAP.
LV. |
V. And be it
enacted, That any creditor of the state on certificate on interest,
or his assignee, shall be allowed to discount such debt with the interest,
out
of any debt due by such creditor, or his assignee, except only the bonds
appropriated
and laid apart as aforesaid, for the redemption of the emissions of June,
seventeen hundred and eighty, which can only be discharged in those emissions
or
specie. |
Creditors may
discount certificates,
&c. |
VI. And,
whereas sundry certificates have been granted to persons as non-commissioned
officers and private soldiers, who have fraudulently obtained the
same, under pretence that they were soldiers when they never were, or that
they
were in the service and entitled to the certificates for depreciation contrary
to the
fact, or by one soldier personating another: For remedy whereof,
Be it enacted,
That if on full inquiry any such fraud or deceit shall be discovered by
the intendant
and auditor-general, or either of them, such certificates shall not be
paid or
discounted by the treasurer, on notice by the intendant or auditor-general
of such
fraud or deceit. |
Certificates
obtained fraudulently
not
to be paid, &c. |
VII. And be
it enacted, That an indulgence be given to the debtors of the
state for confiscated property (except on the bonds especially set apart
as aforesaid)
for five years from the first day of January, seventeen hundred and eighty-five;
and, to enforce the payment of interest due to the state, from the debtors
aforesaid,
annually, on the first of September, during the said five years, if
not paid
by the first day of September aforesaid, the intendant of the revenue shall
give six
weeks notice in the Annapolis gazette, Baltimore journal, and Hall and
Sellers
papers of Philadelphia, to the debtors aforesaid, and if the interest be
not paid
at the expiration of the aforesaid six weeks, execution shall issue, agreeably
to
the directions of the act for the emission of bills of credit not exceeding
two
hundred thousand pounds, on the security of double the value in lands,
to defray
the expences of the present campaign, upon such bonds as have been taken
or
may be taken for property sold under that act; and the most speedy method
shall
be pursued upon bonds taken for property sold under any other act, which
the
directions of such act will warrant, to compel payment of the interest
and principal,
if the debtors omit or neglect to pay the interest as aforesaid; and if
the
emissions of June, seventeen hundred and eighty, shall be redeemed
before the
time they become redeemable, then the same indulgence shall be extended
to such
debtors; and out of the interest paid by the debtors of the state, the
creditors of
the state shall be paid the interest due them. |
Indulgence to
be given, &c. |
III. And be
it further enacted, That the emissions of June, seventeen hundred
and
eighty, with the interest calculated thereon, and the bills of credit of
the emission
of May, seventeen hundred and eighty-one, and any certificate issued by
this
state, and stipulated and expressed to be discounted in taxes, shall be
received in
payment of all arrearages of taxes due before the first day of March, seventeen
hundred and eighty-four; and all certificates issued by this state, and
declared by
law to be discountable in taxes, although they have since been liquidated,
shall
be discounted and discountable in all taxes imposed or to be imposed by
the legislature,
agreeably to the true intent and meaning of the law by which such certificates
were made discountable as aforesaid. |
Bills, &c. to
be received
for taxes. |
IX. And be it
enacted, That all confiscated British property that remains
undisposed of, and consolidated and pledged as aforesaid to pay the state
debt, |
British property
to be
sold, &c. |
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